Restaurant News Roundup, 10/14/16
Prices at restaurants are rising despite lower food costs nationwide. Taxes, rental and labor costs are a big part of restaurant expenditures, outweighing the positive impact of lower food prices. Read more here:
https://www.bostonglobe.com/business/2016/10/12/food-prices-are-dropping-but-restaurant-prices-aren/zyRx7yABlUbq6msrqg1vFM/story.html
Big dip in stock prices for Panera Bread, Texas Roadhouse and BJ’s in September, reflecting an industry-wide slowdown. Read more here: http://www.fool.com/investing/2016/10/13/why-panera-bread-texas-roadhouse-and-bjs-restauran.aspx
Three factors cited for restaurant industry slowdown: election, too many restaurants, and low grocery prices. Read more here:
http://www.businessinsider.com/why-chain-restaurants-are-struggling-2016-10
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